US Treasury announced a new borrowing plan

06.05.2021

Today, the US Treasury will redeem $24 billion of Treasury bonds, which will have a negative influence on the value of the American currency. On the eve, the department announced a plan for the placement of bonds for the 3rd quarter. In July, the Treasury plans to raise $80.6 billion at auctions, $160.7 billion in August, and $260.7 billion in September.

Therefore, the quarterly placement plan is $502 billion. Let me remind you that in the second quarter the Ministry of Finance will hold auctions for the placement of bonds in the amount of $710.5 billion. Midsummer will be calm in financial markets, which will allow the euro to demonstrate growth.

Investment idea: Buy 1.1998/1.1965 and take profit 1.2075.